Form Dr-116000 - Application For Tax Credit Allocation For Contributions To Nonprofit Scholarship Funding Organizations (Sfos) Page 3
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3DR-116000
R. 07/12
For the oil and gas production tax and sales tax paid under a
Once you receive written confirmation and approval for the credit
direct pay permit, applications can be submitted beginning on
allocation from the Department, you are expected to make such
contribution within the tax year or state fiscal year for which the
the first business day in January for contributions to be made in
credit allocation was approved.
the state fiscal year beginning the following July 1.
Upon receiving a contribution, a nonprofit SFO will issue a
The allocation of each state fiscal year’s allotted amount begins
certificate of contribution to the taxpayer. This certificate will
on the first business day in January.
contain the following information:
We will accept applications until the allotted amount is reached
• Contributor’s name
or until the end of the applicable state fiscal year or tax year (for
• Contributor’s FEIN
corporate income and insurance premium tax), whichever occurs
• Contributor's license number issued by the
first.
Division of Alcoholic Beverages and Tobacco
Example 1 – A corporate income taxpayer or insurance premium
• Amount of contribution
taxpayer applying for a credit allocation for its tax year beginning
• Date of contribution
on January 1, 2012, could submit an application between
• Name of nonprofit SFO
January 3, 2012 and December 31, 2012, assuming the annual
An officer or authorized representative of the nonprofit SFO will
allocation is not exhausted before the time of application. In
sign the certificate. You must attach a copy of the certificate(s)
this example, you must contribute to the nonprofit SFO between
of contribution to your tax return when filed; or for sales tax,
January 1, 2012 and December 31, 2012.
submit a copy of the certificate to the Department before
Example 2 – A corporate income taxpayer applying for a credit
claiming the credit.
allocation for its tax year beginning on July 1, 2012, could submit
All other requirements of s. 1002.395, F.S. must be met to claim
an application between January 3, 2012 and June 30, 2013,
this credit.
assuming the annual allocation is not exhausted before the
time of application. In this example, you must contribute to the
The letter granting approval of the credit allocation will indicate
nonprofit SFO between July 1, 2012 and June 30, 2013.
the time frame in which the contribution must be made, and
express that the credit is contingent upon an eligible contribution
Example 3 – A sales taxpayer or oil and gas production taxpayer
being made and accepted by the nonprofit SFO.
applying for a credit allocation, could submit an application
between January 3, 2012 and June 30, 2013, assuming the
If the nonprofit SFO listed on the approval letter is unable to
annual allocation is not exhausted before the time of application.
accept a contribution or part of a contribution because of its
In this example, you must contribute to the nonprofit SFO
obligations under s. 1002.395, F.S., and it provides a written
between July 1, 2012 and June 30, 2013, and the credit can be
statement declining the contribution, the taxpayer may make the
claimed after the contribution is made and before June 30, 2013.
contribution or partial contribution to another eligible nonprofit
For any credit amount that is not used before June 30, 2013, an
SFO. The taxpayer should keep the written statement for its
application can be submitted beginning July 1, 2013 for approval
records to support the credit claimed. Contributions must be
to carry forward the unused credit to be used in the new state
made during the year specified in the approval letter.
fiscal year. An unused credit cannot be carried forward more
Contributions to a nonprofit SFO are not payments of
than 5 years.
estimated tax or installment payments of tax. Taxpayers must
Example 4 – A taxpayer who pays excise tax on liquor, wine,
make installment payments to the Department of Revenue in
and malt beverages applying for a credit allocation could submit
accordance with s. 220.34, F.S., and Rule 12C-1.034, F.A.C., for
an application between January 3, 2012 and June 30, 2013,
corporate income tax; s. 624.5092, F.S. and Rule 12B-8.001,
assuming the annual allocation is not exhausted before the
F.A.C., for insurance premium tax; and s. 212.11 F.S., and
time of application. In this example, you must contribute to the
Rule 12A-1.056, F.A.C., for sales and use tax.
nonprofit SFO between July 1, 2012 and June 30, 2013, and
Program Guidelines.
the credit can be claimed after the contribution is made and
For corporate income tax and insurance premium tax,
before June 30, 2013. For any credit amount that is not used
applications can be submitted beginning on the first business
before June 30, 2013, an application can be submitted beginning
day in January for contributions to be made in tax years that
July 1, 2013 for approval to carry forward the unused credit to
begin in the same calendar year.
be used in the new state fiscal year. An unused credit cannot be
carried forward more than 5 years.
For the excise tax on liquor, wine, and malt beverages,
applications can be submitted beginning on the first business
day in January for contributions to be made in the state fiscal
year beginning the following July 1.
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